[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 232.

rdyoung

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Quote from: mmitech on February 10, 2014, 04:27:01 PM

Quote from: rdyoung on February 10, 2014, 04:23:57 PM

Quote from: trek27 on February 10, 2014, 04:04:39 PM

Not sure what do you mean by: 'their goal of being 35% of the network'.

Peta's strategy is to reinvest 35% of its net income and according to Cryptx's forecasts (a bit dated) Peta hash rate should represent around 1-2% of total hash power.

I hope I am not remembering a hallucination. I swear I saw it somewhere that there stated goal was to be in control of 35% of the total network hashrate.

I am going to keep hunting and if I find it I will post a link to the source.

you are not wrong, they said we will make sure to not gain more than 35% of the total hashrate of the network: http://www.peta-mine.co/faq/

Quote

Why a PETA-MINE?
Our goal is to deploy a mine with 1PH/s of hashing power. We have chosen this size for different reasons. One is scaling to keep average hardware costs of the mine at a minimum. Second is future difficulty, we want to achieve considerable percentage of the total market but will monitor closely not to exceed 35% of the total network.

Thank you for that. I don't need yet another reason to doubt my sanity. Grin

mmitech

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things you own end up owning you

Quote from: rdyoung on February 10, 2014, 04:23:57 PM

Quote from: trek27 on February 10, 2014, 04:04:39 PM

Not sure what do you mean by: 'their goal of being 35% of the network'.

Peta's strategy is to reinvest 35% of its net income and according to Cryptx's forecasts (a bit dated) Peta hash rate should represent around 1-2% of total hash power.

I hope I am not remembering a hallucination. I swear I saw it somewhere that there stated goal was to be in control of 35% of the total network hashrate.

I am going to keep hunting and if I find it I will post a link to the source.

you are not wrong, they said we will make sure to not gain more than 35% of the total hashrate of the network: http://www.peta-mine.co/faq/

Quote

Why a PETA-MINE?
Our goal is to deploy a mine with 1PH/s of hashing power. We have chosen this size for different reasons. One is scaling to keep average hardware costs of the mine at a minimum. Second is future difficulty, we want to achieve considerable percentage of the total market but will monitor closely not to exceed 35% of the total network.

rdyoung

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Activity: 994

Merit: 1000

Quote from: trek27 on February 10, 2014, 04:04:39 PM

Not sure what do you mean by: 'their goal of being 35% of the network'.

Peta's strategy is to reinvest 35% of its net income and according to Cryptx's forecasts (a bit dated) Peta hash rate should represent around 1-2% of total hash power.

I hope I am not remembering a hallucination. I swear I saw it somewhere that there stated goal was to be in control of 35% of the total network hashrate.

I am going to keep hunting and if I find it I will post a link to the source.

ujka

hero member

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I would be a happy shareholder, with petamine at 1% of total network hashrate.

trek27

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Not sure what do you mean by: 'their goal of being 35% of the network'.

Peta's strategy is to reinvest 35% of its net income and according to Cryptx's forecasts (a bit dated) Peta hash rate should represent around 1-2% of total hash power.

rdyoung

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Activity: 994

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Quote from: mmitech on February 10, 2014, 12:41:37 PM

Quote from: reddituser123 on February 10, 2014, 12:21:24 PM

Quote from: rdyoung on February 10, 2014, 12:18:21 PM

Quote from: reddituser123 on February 10, 2014, 12:10:47 PM

appreciated isn't a word i'd use. as an investor i demand to be updated atleast once a week, especially in times of trouble.

Some of us use the word appreciate because we are being civil and understand that cryptx is likely busy still readying the datacenter for future installations of hardware.
As far as we know there are no times of trouble currently, both bitmine and cointerra had issues and delays, both have since ramped up production and have started shipping.
Considering we know where their first batch of hardware is coming from we can keep an eye out for updates from those suppliers ourselves, instead of demanding that cryptx feed us information that is freely available or not available at all.

lol. i've got nearly a thousand shares. being civil is something you do when the company your invested in makes sure to put the investors first. Considering they were here all the time during the investment phase and now they have all our money are only popping back once a week. fuck being civil.

you can always get rid of your shares if you are not comfortable with the business model, I used to bitch the same like you when I just joined this forum, in fact I didn't register the first day I knew about bitcoin, I did register when I felt frustrated and the only thing I could do was bitching.

bottom line, this wont get you anywhere, you will lose your nerves, time and energy without adding anything of value to this matter, in fact I used to Bitch about Cryptx as well, I spamed their thread with posts repeating the same thing again and again and all over again.... but did I change anything ? no.

Advice: if anyone is sick of waiting and don't want to wait or risk anything just sell your shares, I will make sure to buy even more at lower prices, I've been doing it anyways....

+1
I have been considering buying some more as well.
Things haven't happened as they planned it to, but considering their goal of being 35% of the network, when things get moving they will likely move very fast and its a risk worth taking to me.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: reddituser123 on February 10, 2014, 12:21:24 PM

Quote from: rdyoung on February 10, 2014, 12:18:21 PM

Quote from: reddituser123 on February 10, 2014, 12:10:47 PM

appreciated isn't a word i'd use. as an investor i demand to be updated atleast once a week, especially in times of trouble.

Some of us use the word appreciate because we are being civil and understand that cryptx is likely busy still readying the datacenter for future installations of hardware.
As far as we know there are no times of trouble currently, both bitmine and cointerra had issues and delays, both have since ramped up production and have started shipping.
Considering we know where their first batch of hardware is coming from we can keep an eye out for updates from those suppliers ourselves, instead of demanding that cryptx feed us information that is freely available or not available at all.

lol. i've got nearly a thousand shares. being civil is something you do when the company your invested in makes sure to put the investors first. Considering they were here all the time during the investment phase and now they have all our money are only popping back once a week. fuck being civil.

you can always get rid of your shares if you are not comfortable with the business model, I used to bitch the same like you when I just joined this forum, in fact I didn't register the first day I knew about bitcoin, I did register when I felt frustrated and the only thing I could do was bitching.

bottom line, this wont get you anywhere, you will lose your nerves, time and energy without adding anything of value to this matter, in fact I used to Bitch about Cryptx as well, I spamed their thread with posts repeating the same thing again and again and all over again.... but did I change anything ? no.

Advice: if anyone is sick of waiting and don't want to wait or risk anything just sell your shares, I will make sure to buy even more at lower prices, I've been doing it anyways....

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

updates are great, patience is better...

what people need to realise is that an update will not change the activity going on that we cannot see. All it does is inform you of the activity, or lack of

rdyoung

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Quote from: reddituser123 on February 10, 2014, 12:21:24 PM

Quote from: rdyoung on February 10, 2014, 12:18:21 PM

Quote from: reddituser123 on February 10, 2014, 12:10:47 PM

appreciated isn't a word i'd use. as an investor i demand to be updated atleast once a week, especially in times of trouble.

Some of us use the word appreciate because we are being civil and understand that cryptx is likely busy still readying the datacenter for future installations of hardware.
As far as we know there are no times of trouble currently, both bitmine and cointerra had issues and delays, both have since ramped up production and have started shipping.
Considering we know where their first batch of hardware is coming from we can keep an eye out for updates from those suppliers ourselves, instead of demanding that cryptx feed us information that is freely available or not available at all.

lol. i've got nearly a thousand shares. being civil is something you do when the company your invested in makes sure to put the investors first. Considering they were here all the time during the investment phase and now they have all our money are only popping back once a week. fuck being civil.

Do you own any shares in real world companies?
Would you expect the CEO or other personnel to update you weekly on what the company is doing?
The internet has spoiled "investors". Companies that pay dividends used to issue payments once a year, some now issue quarterly along with investor meetings/updates etc, also quarterly. Now we expect daily/weekly payments and updates.

PS: I am being contrary because that is what I am good at, and at the moment I am a bit bored.
Please don't take this as me being for or against cryptx/petamine.

reddituser123

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Quote from: rdyoung on February 10, 2014, 12:18:21 PM

Quote from: reddituser123 on February 10, 2014, 12:10:47 PM

appreciated isn't a word i'd use. as an investor i demand to be updated atleast once a week, especially in times of trouble.

Some of us use the word appreciate because we are being civil and understand that cryptx is likely busy still readying the datacenter for future installations of hardware.
As far as we know there are no times of trouble currently, both bitmine and cointerra had issues and delays, both have since ramped up production and have started shipping.
Considering we know where their first batch of hardware is coming from we can keep an eye out for updates from those suppliers ourselves, instead of demanding that cryptx feed us information that is freely available or not available at all.

lol. i've got nearly a thousand shares. being civil is something you do when the company your invested in makes sure to put the investors first. Considering they were here all the time during the investment phase and now they have all our money are only popping back once a week. fuck being civil.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: reddituser123 on February 10, 2014, 12:10:47 PM

appreciated isn't a word i'd use. as an investor i demand to be updated atleast once a week, especially in times of trouble.

Some of us use the word appreciate because we are being civil and understand that cryptx is likely busy still readying the datacenter for future installations of hardware.
As far as we know there are no times of trouble currently, both bitmine and cointerra had issues and delays, both have since ramped up production and have started shipping.
Considering we know where their first batch of hardware is coming from we can keep an eye out for updates from those suppliers ourselves, instead of demanding that cryptx feed us information that is freely available or not available at all.

reddituser123

newbie

Activity: 14

Merit: 0

appreciated isn't a word i'd use. as an investor i demand to be updated atleast once a week, especially in times of trouble.

mmitech

legendary

Activity: 1148

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things you own end up owning you

Cryptx any news would be really appreciated.

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: Wayne_Chang on February 09, 2014, 08:45:59 PM

Another week started. Will we get any good news this week?

will we get any news?

(10 days passed... Cryptix should be updatong us... maybe)

Wayne_Chang

sr. member

Activity: 448

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Another week started. Will we get any good news this week?

cesmak

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Quote from: mainline on February 09, 2014, 12:55:59 PM

Quote from: cesmak on February 09, 2014, 05:45:02 AM

I hope too that the company will start mining as soon as they can... cross fingers.....

He He He !!!

mainline

newbie

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Quote from: cesmak on February 09, 2014, 05:45:02 AM

I hope too that the company will start mining as soon as they can... cross fingers.....

cesmak

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I hope too that the company will start mining as soon as they can... cross fingers.....

Foebar

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Quote from: currencydebt on February 09, 2014, 02:29:10 AM

Quote from: Aireun on February 08, 2014, 02:48:02 PM

So, does anyone got an idea on what the "middle of the month" date will be for the 3.45 increase threshold? Also, if peta mine exceeds this date and still does not start up will there be another 20% increase and will any of you wait any longer or sell off? (Thoughts/opinions Accepted)

It was the 15th of last month, but when it was annouced it was obvious that nothing was imminent

Following the contract the new increase should occur at Feb 15th, and I don't expect them to be in full mode by then

currencydebt

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Quote from: Aireun on February 08, 2014, 02:48:02 PM

So, does anyone got an idea on what the "middle of the month" date will be for the 3.45 increase threshold? Also, if peta mine exceeds this date and still does not start up will there be another 20% increase and will any of you wait any longer or sell off? (Thoughts/opinions Accepted)

It was the 15th of last month, but when it was annouced it was obvious that nothing was imminent

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 232. (Read 565837 times)